Pharma & Biotech
Pharma & Biotech
20:19 Tue 31 May 2022
Poseidon Nickel grows Golden Swan potential with more high-grade nickel sulphide intersections
Warren Hallam will become a non-executive director today.
Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) has a new non-executive director on the board, bringing further operational and development expertise to the team.
Warren Hallam, a highly experienced metallurgist and mineral economist, will pick up the baton from today.
Poseidon says Hallam’s skillset complements the current board and that his familiarity with financing, developing and operating base metal and gold projects will come in handy as the company works to restart its Black Swan Nickel Project.
Poseidon chair Derek la Ferla and managing director Peter Harold said they were delighted to welcome Warren to the Poseidon board.
“[Warren’s] skills, expertise and experience will add timely technical and operational strength to our board as we focus on delivering our Fill the Mill Strategy and restarting the Black Swan Nickel Project,” they stated.
Warren onboards as a non-executive director with technical, managerial and financial experience across a broad range of commodities, including copper, nickel, tin, gold and iron ore.
He has held numerous board and senior executive positions within the resources sector, including directorships at Westgold Resources Ltd, Aziana Ltd and Nelson Resources Ltd (ASX:NES).
Hallam was also the managing director at Metals Exploration Ltd, Metals X Ltd, Capricorn Metals Ltd (ASX:CMM) and Millennium Minerals Ltd. (ASX:MOY)
The new director holds a Bachelor of Applied Science in Metallurgy, a Master of Science in Mineral Economics and a Graduate Diploma of Business.
Poseidon is a nickel sulphide exploration and development company with three projects in Kalgoorlie in the Goldfields region of Western Australia.
Together, the projects carry a resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold.
Poseidon’s strategy is focused on the exploration and eventual restart of its established nickel operations in Western Australia.
A critical element of this strategy has been to acquire projects and operations with existing infrastructure, large nickel resources and geological prospectivity that are likely to lead to resource growth with modern exploration techniques.
Poseidon owns the Windarra, Black Swan and the Lake Johnston Nickel projects.
In addition to the mines and infrastructure, including concentrators at Black Swan and Lake Johnston, these projects carry weighty exploration opportunities, as demonstrated by the Golden Swan Resource at Black Swan and the Abi Rose deposit at Lake Johnston.
Black Swan will be the first project to restart, followed by Lake Johnston and then Windarra — as long as Poseidon achieves favourable feasibility studies and appropriate project financing structures are put in place, the outlook for the nickel price remains positive and all necessary approvals are obtained.
The company completed a definitive feasibility study — focused on retreating the gold tailings at Windarra and Lancefield — in July 2021 and is currently investigating potential partners to develop the project and monetise the asset.
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Pharma & Biotech